Alcentra Capital Prices $100 Mln IPO

(RTTNews) - Alcentra Capital Corp. said Thursday that it has priced its initial public offering of about 6.67 million shares of common stock at a public offering price of $15.00 per share, raising $100.0 million in gross proceeds.

The company has granted the underwriters an option to purchase up to an additional 1 million shares of its common stock.

The company's common stock is expected to begin trading on The NASDAQ Global Select Market under the symbol "ABDC" on Friday, May 9.

The company plans to use the net proceeds from this offering to repay in full the outstanding indebtedness under its senior secured term loan credit agreement, which the company incurred in connection with the purchase of its initial portfolio of debt and equity investments. The remainder of the net proceeds from this offering will be used to make future investments in portfolio companies consistent with the Company's investment guidelines and underwriting standards and for general corporate purposes.